ARTICLE
TWO
PURPOSES AND EFFECT OF AGREEMENT
2.01 Purposes (top)
The purposes of this Agreement are (i) to establish the Transfused
HCV Plan and the Hemophiliac HCV Plan, (ii) to settle the
Class Actions and (iii) to provide for payment by the FPT
Governments of the Contribution Amount to the Trustee and
the payment by the Trustee of the Disbursements, in accordance
with and as provided in the Funding Agreement.
2.02 Binding Effect (top)
On the Approval Date this Agreement will become effective
and be binding on and after the Approval Date on all the FPT
Governments and all the Class Members including the Class
Action Plaintiffs. Each Approval Order will constitute approval
of this Agreement in respect of all Class Members (including
minors and mentally incompetent persons) in each jurisdiction
so that no additional court approval of any payment to be
made to any Class Member will be necessary.
2.03 Effective in Entirety (top)
The Approval Orders must be issued with respect to this Agreement
in its entirety (including all the Schedules) so that none
of the provisions of this Agreement will become effective
unless all the provisions of this Agreement become effective.
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